The reform of the public sector of telecommunications and airlines, as well as the privatization of existing enterprises in these fields is an important task facing the State Property Committee (SPC). This is stated in the editorial Mulkiyyet (Ownership) of SPC on the anniversary of Heydar Aliyev’s birth.
In the coming years, the pace of privatization of large enterprises will be accelerated. Also planned is restructuring, de-monopolization and recovery of large state companies mentioned in this article.
Since the beginning of the denationalization of state property in Azerbaijan (1996) about 50,000 enterprises and objects have been privatized. Also on the basis of privatized medium and large enterprises, 1,600 joint-stock companies were created. Around 100 companies were privatized by investment contests, which was invested $ 550 million.
The privatization of state property contributed 600 million AZN to the state budget. -----08D
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review